Kingfisher Airlines Crisis

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  Vijay Mallya Bought Properties Worth Rs 330 Crore Amid Airline Crisis: CBI

  Businessman Vijay Mallya bought properties worth Rs 330 crore in England and France during 2015-16 even as his Kingfisher Airlines was facing a cash crunch at that time and banks had not recovered the loans defaulted by the liquor baron.

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  Vijay Mallya Trial To Hear Evidence From Political Expert

  Vijay Mallya's extradition trial is set to hear more expert witness statements today as the fugitive liquor tycoon's defence seeks to establish that there are no grounds to force him to return to India to face allegations of fraud over his now-defunct Kingfisher Airlines.

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  Kingfisher Airlines Owes About Rs 295 Crore To Airport Authority Of India

  Defunct Kingfisher Airlines owes the Airport Authority of India (AAI) Rs 294.57 crore and three cases in the court have already been initiated in this regard, government said today.

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  Citing 'Woodpecker Airlines', Arvind Subramanian Takes Apparent Dig at Vijay Mallya

  In an apparent dig at Kingfisher crisis, Chief Economic Adviser Arvind Subramanian on Tuesday said this was a crisis where owners of some "Woodpecker Airlines" also made intoxicants at "Eagle Breweries" but did not pay for the mistakes they committed.

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  SpiceJet Crisis Highlights the Perils of Airline Investing

  SpiceJet shares got a big boost last month when billionaire investor Rakesh Jhunjhunwala, who has been constantly accumulating shares in the carrier, bought 7.5 million shares (or 1.40 per cent stake) on November 28. SpiceJet surged 38 per cent in just two trading sessions, nearing a 52-week high, post Mr Jhunjhunwala's share purchase.

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  Kingfisher Airlines posts Rs 822 crore Q3 loss

  Kingfisher has not flown since October 2012 for want of cash, and owes about $1 billion (or nearly Rs 6,000 crore) to banks, and more to airports and the tax office.

• GMR's unit seeks nod to repair 14 grounded Kingfisher aircraft

  The aircraft (7 ATRs and 7 Air Bus 320) were grounded in various airports of Delhi, Chennai, Bengaluru and Kolkata due to operational problems and subsequent financial crisis faced by the airlines.

• Kingfisher crisis: United Bank of India files winding-up petition against UB Holdings

  In what could be fresh trouble for beleaguered Kingfisher Airlines, Kolkata-based United Bank of India has filed a winding up petition in the Karnataka High Court against the Vijay Mallya-led UB Holdings, sources told NDTV Profit.

• Kingfisher employees to meet today to decide future course of action

  Facing acute financial crisis due to non-payment of salaries for the past 10 months, employees of Kingfisher Airlines are meeting today to protest against the "total neglect and ignorance" by the company as well as the government and to decide on a course of action in the future.

• Never been elusive during Kingfisher crisis, says Vijay Mallya at F1 Grand Prix

  Kingfisher Airlines Chairman Vijay Mallya today said he was never out of reach of his striking employees during the 26-day impasse over non-payment of salaries since March this year and had played an active part in the wage settlement.

• Kingfisher crisis likely to prolong; Mallya says not absconder

  The crisis in Kingfisher Airlines following a 23-day lockout is likely to prolong with a large section of employees today sticking to its refusal of the management's offer on payment of salary dues even as its owner Vijay Mallya said he was not an "absconder".

• Striking employees reject Kingfisher Airlines' offer

  There was no sign of an end to the 24-day-old impasse in Kingfisher Airlines with the striking employees today rejecting a fresh offer of staggered payment of three months' salary dues and insisting on lumpsum amount.

• Asset sale still last option for Kingfisher Airlines' lenders: source

  Lenders to Kingfisher Airlines, which probably stand to lose more from DGCAs suspension of the airlines license than the company itself, are concerned about todays development, but insist that sale of Kingfishers assets to recover their loans remains the last option.

• Kingfisher clarifies on DGCA license suspension order: Full text

  Kingfisher Airlines plunged further into crisis today after aviation regulator DGCA suspended its flying licence for failing to come up with a viable financial revival plan. The regulator had slapped a show cause notice on October 5, asking the airline why its licence should not be cancelled or suspended for failing to provide an efficient and reli...

• Kingfisher crisis: Aviation regulator DGCA suspends flying licence

  Aviation regulator Directorate General of Civil Aviation (DGCA) has suspended the flying licence of Kingfisher Airlines for failing to come up with a viable financial revival plan. The Vijay Mallya-promoted airline, which has not operated a single flight since October 1, had been asked to explain by today why its licence should not be suspended or ...